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Major Related Resources Kelley School of Business Resources Business Undergraduate | Description of MajorThe concentration in entrepreneurship focuses on the requirements of an individual concentrating in management who is interested in small business. The major involves the study of the special skills and knowledge needed by entrepreneurs and managers of small and medium-sized firms. The course of study includes classes in contemporary entrepreneurship,entrepreneurial accounting, venture growth management, administration of small and medium business organizations, human resource management, and small business entrepreneurship. Topics such as choice of business legal form, problems of a closely held firm, sources of funds, preparation of a business plan, negotiation, motivation, and development of employee skills are taught in entrepreneurship classes. Students learn how to formulate, implement, and control business strategy.Skills & Knowledge Developed in this Field of StudyBasic business knowledge, communication skills, skills and knowledge needed for creating and managing small businesses, and motivational skills.Minors and Second Majors that Expand Career Options with this MajorAccounting, computer science, marketing, and telecommunications.Career OptionsCareers Specific to the Bachelor's DegreeSelf-employed owner/operator, manager within a family business, and manager with an entrepreneur/company.Other Career Possibilities with a Bachelor's DegreeInsurance sales, real estate sales, and manager in a small firm.Careers that Normally Require a Graduate DegreeProduct manager, business development manager.Employment OpportunitiesJob OutlookVaries widely; however, some entrepreneurship graduates begin employment in an existing family business.Salary InformationSpecific salary information is not available for entrepreneurship majors; however, according to Business Undergraduate Career Services, recent graduates entering management training positions received a median starting salary of $27,500.Potential Career GrowthVaries widely due to the risk and competition in this field, but the growth opportunities are excellent and unlimited.Placement Statistics for IU Graduates with this MajorNot available.High School PreparationIn addition to meeting the regular admission requirements to Indiana University, students interested in this major should have a strong background in writing, speaking, and math. Preferably, students should have completed four or five years of college preparatory math, as our majors generally take calculus in their freshman year. Experience with computers and various business software programs is also helpful.Special OpportunitiesThe Kelley School of Business is consistently ranked as one of the top business schools in the country. Its graduates are current or recent presidents, CEOs, CFOs, and board chairs of a number of major corporations, including Ford, Alcoa, Dow, Lilly, Consolidated Products, Mays Chemical, and more. The Kelley School of Business has its own career services office whose staff helps each student develop a career plan and a placement program. The nationally recognized Business Undergraduate Career Services annually hosts more than 450 major corporations and hundreds of smaller companies. Each year between 18,000 and 23,000 students interview with representatives of employers such as General Mills, Eastman Kodak, the NCR Corporation, Kraft/ General Foods, and Eli Lilly. Outstanding students can choose to apply to the Kelley School of Business honors program after completing 26 semester hours of course work with a cumulative grade point average of 3.5 (on a 4.0 scale). The program stresses independent study and accelerated progress. Special seminars and supplemental activities complement the honors curriculum. IU business students may gain valuable experience while working full time for one summer or semester in a corporation or organization that interests them. The internship program, in cooperation with business and industry, gives qualified students on the job training in their area of interest. Internships are generally completed in the junior or senior year. Part of the Undergraduate Business Program is the international dimension requirement. One way of fulfilling this requirement is through overseas study. IU business majors can take part in summer or semester long business oriented programs in the Netherlands, Hong Kong, France, Finland, or Mexico.In addition, internships in Germany are available each semester for students who speak German, and there is an English speaking internship in Slovenia. A dual degree program is also available through IU and a German institution. The overseas study programs are an ideal way to learn about a country’s culture and its business environment. As an alternate to the basic arts and sciences courses, students may choose a field specialization involving extra study in an area outside of business. The specializations are available in five areas: environmental studies, international studies, communications, not for profit organizations, and science and technology. Having a specialization letsa student enhance the Kelley School of Business degree with an array of courses from other nationally known IU academic units. The Kelley School of Business offers more than two-dozen organizations for business students to participate in while attending IU. These give students a chance to develop leadership skills, learn about careers, and serve the community. Some organizations are national honoraries; some are career-oriented clubs; others are based on special interests and experiences.Noted AlumniNot Available | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
